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The oil revenue of Iraq has Reduced in November


06 Dec 2012
The Iraqi oil ministry said that the oil revenue of Iraq has gone down in the month of November at about 4.6% which is $8.201 billion compared to the revenue of the month October which was about $8.578. This was due to drop in the world oil price. According to the figures published by the oil ministry, Iraq has earned $86.475 in 11 months of this year where they were only able to collect $ 82.9 billion in the previous year. The oil ministry also said that it has sold their oil at an average price of $104.35 per barrel in the month of November whereas they sold 2.624 million barrels per day on the previous month. The oil of ministry also said that they exported 2.620 million barrels per day in the month of November whereas they exported 2.624 million barrels per day on the previous month. Source: [Market Watch]
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